Comment by Closi
14 hours ago
> Isn’t the more fundamental question why Europe has not been as successful as the US or China in building a native tech industry despite having a huge market? What are the barriers to creating startups and how can you lower them and preserve the enviable European social model? Solve that and you’ll solve the problem of a native cloud.
IMO here in the UK we are good at starting tech startups, we are just bad at not selling them to overseas investors early in their life, or having a tax framework that is advantageous to them growing in the UK.
In the UK see Google Deepmind, ARM, Deliveroo... Elevenlabs being incorporated in the USA, Dyson moving to singapore etc - Even outside of the tech space, Cadburys, Sainsbury's, Jaguar Land Rover... If the UK kept hold of everything that the UK created, we would be great!
Even our infrastructure we sell to the French, Chinese, Germans etc just for short-term gain, despite that we are cutting our nose off if we look forward 10 years.
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